ECB revisits virtual currencies in new report
Virtual currencies do not pose ‘material risk’ to central bank operations
Virtual currencies do not pose any "material risks" to central bank operations in the eurozone, but that could change if they were to become more widely used, according to the European Central Bank (ECB).
Yesterday the ECB released "further analysis" of virtual currency schemes, following its first report on Bitcoin and other alternative currencies – ‘altcoins' – in October 2012.
Two years on the landscape looks very different. There are now around 500 schemes with a total market capitalisation
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